Soaring home insurance rates and rising ownership costs for condos represent a one-two punch that has quickly turned Florida from a relatively value-priced refuge into an expensive proposition
As snowbirds prepare for their annual pilgrimages to Florida , local lawmakers are scrambling to address a crisis that has become one more blemish on the Sunshine State ’s changing complexion from an affordable tropical getaway to an expensive nightmare for condominium owners.
The situation is so severe, Florida Governor Ron DeSantis called this week for a special session of the legislature to find solutions before year-end. A weak Canadian dollar, hovering in the low-70-US-cents range, makes the situation particularly acute for Canadian owners and buyers.as Florida’s population has boomed. Last year the state surpassed Texas as the fastest-growing state in the union, topping 22 million people on its way to 30 million by the end of the decade.
State Maintenance Condo Owners People Building Crisis Sunshine State Globe Ron Desantis
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